Nextracker Inc. (NXT)

Market Cap	6.49B
Revenue (ttm)	2.50B
Net Income (ttm)	496.22M
Shares Out	143.24M
EPS (ttm)	3.37
PE Ratio	13.45
Forward PE	14.61
Dividend	n/a
Ex-Dividend Date	n/a

Volume	3,851,091
Open	46.01
Previous Close	46.12
Day's Range	44.52 - 47.30
52-Week Range	32.14 - 62.31
Beta	n/a
Analysts	Strong Buy
Price Target	59.00 (+30.19%)
Earnings Date	Jul 24, 2024

About NXT

Nextracker Inc., an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain. It also provides TrueCapture, a self-adjusting tracker control system, which boosts solar power plant pro...

• Industry: Solar
• Sector: Technology
• IPO Date: Feb 9, 2023
• Employees: 1,050
• Stock Exchange: NASDAQ
• Ticker Symbol: NXT

Financial Performance

In 2023, Nextracker's revenue was $2.50 billion, an increase of 31.42% compared to the previous year's $1.90 billion. Earnings were $496.22 million, an increase of 308.97%.

Analyst Forecast

According to 19 analysts, the average rating for NXT stock is "Strong Buy." The 12-month stock price forecast is $59.0, which is an increase of 30.19% from the latest price.

Price Target

$59.0

(30.19% upside)

Analyst Consensus: Strong Buy